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cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close the gap is reform entitlement programs like social security and medicare. democrats aren't on board yet. >> my concern about raising that medicare retirement age is there will be gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: and with the fiscal cliff looming, white house economists are warning shoppers concerned about a tax increase pay not spend as much this holiday season. danielle -- nottingham, cbs news. >>> investors are worried the strong start to the holiday shopping season may not last. right now, let's take a look at the dow. it's down nearly 60 points at this hour.
cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close...
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. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional revenues and tax rates on the wealthy. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. susan mcginnis, cbs washington. >>> today it's stay at home and shop. cbs 5 cate cauguiran in the news room with cyber monday. good morning. >> we can expect cyber monday discounting to be equally competitive. what's new this year, the explosion of shoppers one and four will be using mobile devices to get the best deal. that's nearly double from last year and it trend that's expected to continue. retailers are anticipating about 129 million consumers to show from their offices to today. cyber monday is proving technology is a game changer for the shopping industry. >> online retailers have made great strides in making it very easy for people to return things, paste on shipping labels, free shipping and returns.
. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional revenues and tax rates on the wealthy. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. susan mcginnis, cbs washington. >>> today it's stay at home and shop. cbs 5 cate...
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if an agreement is not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> a san francisco's couple challenge of the defense of marriage act will be one of several the u.s. supreme court considers this week. they will decide whether to hear an appeal of the prop 8. they're expected to meet this week to decide which cases it will hear next year. >>> on this monday, while we're cyber shopping, it's about the fog today. >> it is. >> sorry about that. >> dangerous out there. >> it's pretty tough, you're driving along, clear skies and all of a sudden you hit the fog that's out there. the numbers on the chilly side as well as we start off monday. we'll be talking wet
if an agreement is not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts to...
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people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something heating up again state senator from the bay area wan >>> there's been a second fire at a clothing fire in bangladesh, two days after another fire killed more than 100 workers. this is new video of the latest fire. the fire department believes everyone did get out safely. thousands took to the streets today demanding justice. officials say that building had no emergency exits when the fire broke out, workers above were trapped. the factory made products for wal-mart and other companies in the u.s. and europe. the bangladesh government has declared tomorrow a national day of mourning. >>> happening now, egypt's president stand
people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something heating up...
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vowing to raise taxes on the wealthy. another republican saxby chambliss of georgia, in a recent interview, says he's no longer bound by a pledge not to raise taxes. >> the pledge i signed 20 years ago was valid then. it's valid now but times have changed significantly, and i care more about this country than i do about a 20-year-old pledge. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for m
vowing to raise taxes on the wealthy. another republican saxby chambliss of georgia, in a recent interview, says he's no longer bound by a pledge not to raise taxes. >> the pledge i signed 20 years ago was valid then. it's valid now but times have changed significantly, and i care more about this country than i do about a 20-year-old pledge. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare....
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we have just heard from the city tax collector's of bureau of revenue. they are filing this legal action. they confirm the city is going to go after the los angeles dodgers for reimbursement in the treatment of bryan stow. the giants fan who was severely beaten outside of a dodgers game. to help pay for the four months of care it treated stow's injury. the city attorneys have asked a bankruptcy judge to add san francisco to those seeking damage from the team's insurer. this is a bankruptcy issue because the team filed chapter 11. this was a controversy. the city says this is not unusual, but standard practice to go after unpaid bills. it is taking all steps to protect the city's interests. stow and his family is suing the team frin the amount of $50 million. the amount needed for a lifetime of care. reporting live outside san francisco city hall, bob redell, nbc bay area news. >>> now to the south bay. citizens will have a say on who will be the next san jose police chief. city leaders will hold a community meeting tonight to gather input from neighborho
we have just heard from the city tax collector's of bureau of revenue. they are filing this legal action. they confirm the city is going to go after the los angeles dodgers for reimbursement in the treatment of bryan stow. the giants fan who was severely beaten outside of a dodgers game. to help pay for the four months of care it treated stow's injury. the city attorneys have asked a bankruptcy judge to add san francisco to those seeking damage from the team's insurer. this is a bankruptcy...
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taxes on the wealthy. democrats are still trying to keep some entitlement programs out of negotiations. >> social security set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program. >> reporter: distance from a deal still evident, even amid signs the gap between lawmakers is closing. lawmakers say they'll not only get a deal done before the year is out, they may have a compromise before christmas. i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how futures are trading, we turn things over to kate at cnbc headquarters. kay kayla, good morning. >> reporter: good morning to you. much optimism was over the strength of retail sales and black friday. investors will be keeping an eye on the geopolitical tensions in the middle east and that ongoing fiscal cliff and the talks continuing in washington. we get economic reports this week on durable goods, consumer confidence and new and pending
taxes on the wealthy. democrats are still trying to keep some entitlement programs out of negotiations. >> social security set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program. >> reporter: distance from a deal still evident, even amid signs the gap between lawmakers is closing. lawmakers say they'll not only get a deal done before the year is out, they may have a compromise before christmas. i'm danielle leigh, nbc...
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used the churchy's credit cards for $100,000 in personal expenses and owed the irs $300,000 in back taxes. >> i don't think that, you know, withs his past history that he should be preaching at all. >> reporter: things got ugly here last month when the pastor showed up for his first day at the church. cloaked in his white robe and carrying a bible and parishioners confronted him outside. >> basically told him to present his papers. you have to have papers to take over the church. he did not have his papers. >> reporter: this parishioner is also a reporter for the san francisco post. >> like a brief altercation. i don't know shoving, might have been hollering. >> reporter: the issue is under consideration. the reverend has been back once since kicked out. >> if he stays will it be awkward? >> most definitely but we are hoping that will not happen. >> reporter: back to you. >>> a major tragedy in a country used to struggle. how bangladesh is revealing from a massive factory fire. >>> and violence in egypt. what the country's new preside president has done to anger his people. >>> big change
used the churchy's credit cards for $100,000 in personal expenses and owed the irs $300,000 in back taxes. >> i don't think that, you know, withs his past history that he should be preaching at all. >> reporter: things got ugly here last month when the pastor showed up for his first day at the church. cloaked in his white robe and carrying a bible and parishioners confronted him outside. >> basically told him to present his papers. you have to have papers to take over the...
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people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reli
people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something [ female...
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that's when spending cuts and tax increases kick in. lawmakers from both parties are racing the clock to reach a compromise but despite a lot of optimism there is no plan on the table. brian moore has the story from washington. >> reporter: back from an extended holiday and facing a looming deadline, lawmakers from both parties seem optimistic about diffusing the fiscal cliff time bomb. >> unfortunately, for the last ten days with the house and congress gone for the thanksgiving recess there hasn't been much progress made. tomorrow there's no excuse. we are back in town. >> reporter: democrats want to raise taxes on the wealthiest americans and republicans who once refused to raise taxes on anyone ever are signaling their willingens to compromise. >> when you are $16 trillion in debt the only pledge we should be making to each other is to avoid the coming grove and republicans, republicans should put revenue on the table. >> the world has changed and the economic situation is different. ronald reagan and tip o'neill realized that in t '
that's when spending cuts and tax increases kick in. lawmakers from both parties are racing the clock to reach a compromise but despite a lot of optimism there is no plan on the table. brian moore has the story from washington. >> reporter: back from an extended holiday and facing a looming deadline, lawmakers from both parties seem optimistic about diffusing the fiscal cliff time bomb. >> unfortunately, for the last ten days with the house and congress gone for the thanksgiving...
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credit card for more than $100,000 in personal expenses, that he owed them more than $300,000 in back taxes. >> i don't think that with his is the past history that he should be preaching at all. you needed papers to take over the church. >> reporter: they are also a reporter for the san francisco post. >> it is kind of like a brief altercation, like a squirmish, i don't know if it was shoving or anything. >> reporter: but the issue is now under consideration. he has been back since once. >> now, will it be awkward around here? >> most definitely, but we're hoping it will not happen. >> in san francisco, cbs 5. >>> well lining up for sweet memory. >>> i need my twin cays. i come together for my twin cays. >> what happens when a florida hostess store is going out of business fails. >>> moving up the ranks. some lawmakers are sacrificing for a new title. >>> and it's not over until the skinny guy sings. the rolling stones at a new milestone in london. >>> it's been a great travel day. it's our long holiday weekend, that will now come to a close. but we have big changes, rain and a lot of it.
credit card for more than $100,000 in personal expenses, that he owed them more than $300,000 in back taxes. >> i don't think that with his is the past history that he should be preaching at all. you needed papers to take over the church. >> reporter: they are also a reporter for the san francisco post. >> it is kind of like a brief altercation, like a squirmish, i don't know if it was shoving or anything. >> reporter: but the issue is now under consideration. he has...
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lame duck congress returns this week with barely a month left to avoid the fiscal cliff of mandatory tax hikes and spending cuts. retiring senator joe lieberman today lamented the lack of bipartisanship on capitol hill. >> in my opinion the last two years, 2011-12 have been the least productive and most partisan and uncompromising in my 24 years here. the public seemed outraged at the status quo that produced so little. >> glor: newly elected senator angus king is vowing to help break the logjam by doing what so many others in congress will not, compromise. chip reid caught up with king on the streets of maine. >> if somebody comes to you and says i'm not going to compromise, what they're really saying is i have 100 percent of the truth. i'm 100% right. >> reporter: angus king says he's 100% certain of only one thing. that neither the democrats nor the republicans are always right. that is why when he takes his seat in january as the new senator from maine he will be doing it as an independent. >> the people are absolutely fed up with this nonsense. they have had it with washington not b
lame duck congress returns this week with barely a month left to avoid the fiscal cliff of mandatory tax hikes and spending cuts. retiring senator joe lieberman today lamented the lack of bipartisanship on capitol hill. >> in my opinion the last two years, 2011-12 have been the least productive and most partisan and uncompromising in my 24 years here. the public seemed outraged at the status quo that produced so little. >> glor: newly elected senator angus king is vowing to help...
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they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happened for the second straight game for the quarterback and coming up, what coach jim harbaugh is saying about who will be his starter in the future. >>> we have been talking about fog and i'm not sure if there is an incident in south san francisco. northbound at the 380 split, just north of fso, let's head out to our maps and a bicycle is laying on the shoulder and officers are not sure if this was an accident
they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting...
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if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases it will hear next we're. >>> time for health watch this morning, it's 6:19, it appears childhood injuries related to inflatable bouncers are on the ride. that's according to a study published in the journal of pediatrics. bouncers and moon walks are popular at parties but it c
if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts...
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. >> and he owes back taxes. >> i don't think with his past history he should be preaching at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church, cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> basically told him you need papers. he did not have the papers. >> reporter: the commissioner say reporter for the san francisco post. >> there was a brief altercation. i don't know, shoving or hollering. >> reporter: the church says the issue is under congratulations. the reverend hunter has been back once since being kicked out. >> you know, what if he stays will it be awkward around here? >> definitely. in san francisco, cbs 5. >> a deadly weekend oakland pushes the number of homicides in the city to 115. that is 5 more than all of last year. the latest victim was found shot to death at 6:00 this morning. the police say they have little inforringmation on that double homicide and no suspects. there were two other killings on saturday. one was an 18-year-old women and the other a
. >> and he owes back taxes. >> i don't think with his past history he should be preaching at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church, cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> basically told him you need papers. he did not have the papers. >> reporter: the commissioner say reporter for the san francisco post. >> there was a brief...
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for more than $100,000 in personal expenses and that he owed the irs more than there 300,000 in back taxes. >> and i don't think, you know, with his past history that he should be preaching. at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> and basically told him to present his papers. you have to have papers to take over the church. he did not have his papers. >> the parishioner is a reporter for the san francisco post. >> kind of hike a brief altercation, kind of a little shoving and hollering. >> reporter: the church says it is under consideration, the reverend has been back once since being kicked out. >> the what if he stays will it be awkward around here? >> most definitely but we are hoping that will not happen. >> reporter: back to you. >>> they are meant to alleviate traffic but some shuttle buses are causing traffic problems. how they are getting in the way of other people getting to work on time. >> i hope you enjoy
for more than $100,000 in personal expenses and that he owed the irs more than there 300,000 in back taxes. >> and i don't think, you know, with his past history that he should be preaching. at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> and basically told him to present his papers. you have to have papers to...
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. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal debt limit. it's set by law at $16.4 trillion. the nation is already approaching the national debt of $16.3 trillion. nobody wants a repeat of that summer standoff we went through last year. >> certainly so. susan mcginness in washington this morning, thank you so much. >>> while washington is worried about the fiscal cliff it appears the average american is looking to spend. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. according
. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting...
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lights on now traffic bagging past the west grand over -- backing past the west grand overcrossing, fact tax getting by nicely, suggestish upper deck, very foggy, fog -- advisory for all bay area bridges, bumper-to-bumper out of tracy towards altamont. out of antioch very slow towards pittsburg and concord typical for this time of morning. leaving santa rosa 101 southbound a grind to novato, 80 east shore freeway, there's 680 to the 580 corridor. our waze app is free you can see your commute through san pablo and el cerrito, very slow, fog is a factor all morning, take extra care download this app free. >>> the fog can make the commute difficult. amy hollyfield joins us live from the bay bridge toll where the conditions there now look pretty foggy. >> reporter: it is thick. take a look at what the cars are going through behind me. you can see their tail lights, pretty thick and tough to see, far in front of you the kind of fog if you close your eyes and spun around a couple of times and opened your eyes you wouldn't figure out which direction you were facing, you can see far here's video we
lights on now traffic bagging past the west grand over -- backing past the west grand overcrossing, fact tax getting by nicely, suggestish upper deck, very foggy, fog -- advisory for all bay area bridges, bumper-to-bumper out of tracy towards altamont. out of antioch very slow towards pittsburg and concord typical for this time of morning. leaving santa rosa 101 southbound a grind to novato, 80 east shore freeway, there's 680 to the 580 corridor. our waze app is free you can see your commute...
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the two big ones being on one hand tax increases, which republicans have resisted, and on the other, cuts to programs like social security and medicare, which democrats have resisted. but the good news is that after this thanksgiving weekend, we are seeing and hearing signs of a compromise. >> i am willing to generate revenue. it's fair to ask my party to put revenue on the table. >> from my side of the table, bring entitlement reform into the conversations. >> reporter: now, both lawmakers on either side, republicans, democrats, they are confident that they will get a deal before the deal is out. some say even before christmas. if a deal is not reached, we are looking at more than half a trillion dollars in tax increases and also about $100 billion in spending cuts. that will impact americans. just this morning, the white house released a new report estimating what that impact will be on the economy and the economic recovery. it's estimating that if we go over the fiscal cliff next year, shoppers, consumers will spend about $200 billion less. reporting live in washington, i'm dan yi
the two big ones being on one hand tax increases, which republicans have resisted, and on the other, cuts to programs like social security and medicare, which democrats have resisted. but the good news is that after this thanksgiving weekend, we are seeing and hearing signs of a compromise. >> i am willing to generate revenue. it's fair to ask my party to put revenue on the table. >> from my side of the table, bring entitlement reform into the conversations. >> reporter: now,...
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he is pushing for a 30% tax rate for those making between one and $10 million. 35 percent taxes for people making more than that. president obama as me lay their tax rate will keep at 30%. >> we will be back and a few moments. >> the time is 945 and and monday morning. big story with the weather is the fog. here's a look to your visibility were a lot of folks are still looking at one-tenth of a mile visibility for s f all. oakland improved to 1 mi.. not all end prove to the 10 mi. and visibility. you are just fine. santa rosa is still at zero visibility, napa is improved to 4 mi.. having east sacramento and down to three tenths of a mile for visibility. the dense fog advisory still in effect for the 17 valley. we're still seeing some areas of free dance fog including redwood city at three tenths of a mile for visibility. our roof cam route over again as avenues is starting to see the fog makes out a little bit as promised. conditions will improve as we get to the early afternoon hours. airport delays, as half of the tough there this morning. the average delay is almost three hours because
he is pushing for a 30% tax rate for those making between one and $10 million. 35 percent taxes for people making more than that. president obama as me lay their tax rate will keep at 30%. >> we will be back and a few moments. >> the time is 945 and and monday morning. big story with the weather is the fog. here's a look to your visibility were a lot of folks are still looking at one-tenth of a mile visibility for s f all. oakland improved to 1 mi.. not all end prove to the 10 mi....
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some selling for tax purpose bus i think we'll sit quiet as we wait to see what happens on the fiscal cliff. >>> happening now, protesters are filling the streets of cairo and camping out in tahrir square today as political unrest grows and we are giving you a live look at the scene right now in cairo. the protests are in response to president muhammed morsi's massive expansion of his powers. among his new powers, immunity from the nation's courts. morsi said the new powers are needed to hurry up the transition process from decades of rule by former dictator hawes kn -- hosni mubarak. >>> 6:57. we've been talking about the fog all morning long. we want to check the forecast with meteorologist christina loren. >> now we're getting to the worst point when it comes to that fog formation between 7:00 and 9:00. after 9:00 it should start to burn off and we are expecting quite a beautiful finish to the day. this is a live look at the sunol grade and you can see that fog has settled in but we've got a beautiful clear sky above. it's just going to take a little time for the sun to break throu
some selling for tax purpose bus i think we'll sit quiet as we wait to see what happens on the fiscal cliff. >>> happening now, protesters are filling the streets of cairo and camping out in tahrir square today as political unrest grows and we are giving you a live look at the scene right now in cairo. the protests are in response to president muhammed morsi's massive expansion of his powers. among his new powers, immunity from the nation's courts. morsi said the new powers are needed...
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also according to this poll one of the forces that tax increases and spending cuts will cause a crisis. >> customers swarm stores and record numbers for the black friday deals. 247 million shoppers. and that is more this year than last year and they also spent more. with the average person spending $423. on this four day weekend, id is $59 billion and that is also up from last year. it is a pretty good weekend for retailers. 41 percent of consumers are going to purchase items online this year and the bad guys are going to ponder those shoppers. and cyber gangs.. will have new and old internet scams to hijack accounts. one half are using web browsers with out any security measures or if they do they are out of date. experts are looking for bogus coupons and too good to be true advertisements with links on social media. if you need extra holiday crash perhaps go to or arizona or organ those are the places where you can get multi-state power ball. with no winners on saturday the jackpot is $425 million. it is up for grabs and it is on this wednesday it rolled over for the 15th straight ti
also according to this poll one of the forces that tax increases and spending cuts will cause a crisis. >> customers swarm stores and record numbers for the black friday deals. 247 million shoppers. and that is more this year than last year and they also spent more. with the average person spending $423. on this four day weekend, id is $59 billion and that is also up from last year. it is a pretty good weekend for retailers. 41 percent of consumers are going to purchase items online this...
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Nov 26, 2012
11/12
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so if they don't act, everyone will be owing more taxes. that could affect the spending habits on some people. >> they are not spending like they would because they still don't know what will happen. >> and congress, they only have 35 days now to come to an agreement on the deficit reduction. if they don't, then the automatic tax hikes will be taking effect on january 1. >>> one bay area hospital is demanding to be reimbursed by the los angeles dodgers for the care they gave to brian stowe. the giant's fan who was brutally beaten outside the dodger's stadium a year and a half ago. they join us from the general hospital. how much money are you talking about here, brian? >> good morning to you. yeah, we're talking about $1.4 million seeking reimbursement from the l.a. dodgers. they went to the bankruptcy court recently in an effort to seek permission to pursue that reimbursement from the dodgers. stowe was brutally attacked in the parking lot while watching the home opener. since then they had to put the bill for the medical care. the hospita
so if they don't act, everyone will be owing more taxes. that could affect the spending habits on some people. >> they are not spending like they would because they still don't know what will happen. >> and congress, they only have 35 days now to come to an agreement on the deficit reduction. if they don't, then the automatic tax hikes will be taking effect on january 1. >>> one bay area hospital is demanding to be reimbursed by the los angeles dodgers for the care they...
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Nov 26, 2012
11/12
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the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john mccain a few weeks ago and john mccain yesterday and ask you about it on the other side. >> we will do whatever is necessary to block the nomination that's within our power as far as susan rice is concerned. >> i think she deserved the ability and the opportunity to explain herself and her position, just as she said. >> chuck, very quickly, is this a very significant change? >> reporter: it is and it tells you something that a lot of people
the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to...